March 2022 Real Estate Market Update for Calabasas, West Hills and Woodland Hills
Real Estate Sales in Western San Fernando Valley continued to stay strong in March of 2022. Homes sold fast and received multiple offers and the percent of the average sale-to-list price doubled from 4% to 8% in Calabasas, West Hills and Woodland Hills. West Hills homes were in really high demand with the largest sale to list price ration of 109% and average sold price going in up $95,000. Average Mortgage rates increased from 3.89% in February to 4.56% in March for 30-year fixed mortgage rate. The 15 year fixed was 3.86% up from 3.14% the previous month.
West Hills
Median Price Sold: $1,100,000 (+$95,000)
Sale to List Price: 109%
Median days on the Market: 10 Days
Calabasas
Median Price Sold: $1,821,000 (+$62,000)
Sale to List Price: 107%
Median days on the Market: 30 Days
Woodland Hills
Median Price Sold: $1,240,000 (+$0)
Sale to List Price: 107%
Median days on the Market: 13Days
If you are looking for a home to buy in the Western San Fernando Valley, contact David Salmanson, your Local Realtor with any questions. David is very knowledgeable about this area and specializes in buying and selling homes and offers free consultation for all his clients.
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